Company to issue 3.95 million ordinary shares worth 38.33% of paid-up capital at Rs. 100 face value.
Daramkhola Hydro Energy Limited is set to issue an Initial Public Offering (IPO) to the general public starting Shrawan 15, 2081 B.S. The company has received approval from the Nepal Securities Board to issue 39,50,000 ordinary shares, representing 38.33% of its paid-up capital, at a face value of Rs. 100 per share.
In the first phase, the company has already allotted 10,30,500 shares to project-affected people and 2,91,150 shares to Nepali foreign workers. Out of the shares to be issued to the public, totaling 29,19,500 shares, 58,390 shares are reserved for company employees and 1,45,975 shares for collective investment funds. The remaining 24,23,185 shares will be offered to the general public.
Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The application deadline is Shrawan 19, 2081 B.S., with an extension available until Shrawan 29 if applications fall short.
Laxmi Sunrise Capital Limited has been appointed as the issue manager for the IPO.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
